1. Sweden Stocks

  2. •

    Consumer Cyclical

  3. •

    Leisure
Thule Group AB (publ)

Thule Group AB (publ)

THULE.ST
Thule Group AB (publ)SE flagStockholm Stock Exchange
207.00
SEK
-3.60
- -
22.32BMarket Cap
Thule Group AB (publ)
THULE.ST
(Stockholm Stock Exchange)

Recent

price

207.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
48.78
51.62
51.25
45.56
53.2
52.51
57.6
62.95
68.19
75.43
99.33
96.96
86.83
90.09
96.71
94.34
Revenue per Share
2.6
3.17
0.73
-1.4
4.44
6.69
6.94
8.13
8.56
11.23
17.12
12.19
10.45
10.59
10.33
9.74
Basic EPS, GAAP
2.22
3.43
3.43
1.82
5.61
7.39
8.12
4.15
8.42
13.88
5.94
1.64
15.2
19.32
7.27
16.38
Free Cash Flow per Basic Share
- -
- -
- -
- -
2
2.5
10.92
6.01
7
- -
15.5
13
9.19
9.48
8.3
8.88
Dividend per Share
12.13
14.79
15.93
12.28
14.76
18.49
14.48
16.33
17.39
28.46
29.79
29.72
30.49
31.41
32.93
- -
Book Value per Share
-37.67
-34.07
-31.23
-11.16
-8.33
-4.09
-6.96
-4.5
-3.24
9.22
12.05
14.86
18.65
-5.25
-5.25
-8.09
Tangible Book Value per Share
84
84
84
100
100
101
102
103
103
104
105
105
105
106
108
107
Basic Weighted Avg Shares
4,122
4,362
4,331
4,556
5,320
5,304
5,872
6,484
7,038
7,828
10,386
10,138
9,132
9,541
10,429
10,087
Sales/Revenue/Turnover
13.05
12.65
12.12
14.99
15.53
17.38
18.17
17.94
16.98
20.34
22.39
16.83
16.48
15.95
15.73
14.7
Operating Margin (%)
145
171
459
434
93
82
71
85
147
226
153
200
293
283
341
- -
Depreciation Expense
220
268
62
-140
444
676
707
837
883
1,166
1,790
1,275
1,099
1,122
1,114
1,041
Net Income, GAAP
- -
29.06
27.6
26.48
23.27
26.38
32.02
24.87
22.95
23.64
22.28
22.65
22.61
22.46
24.42
23.66
Effective Tax Rate (%)
5.34
6.14
1.43
-3.07
8.35
12.75
12.04
12.91
12.55
14.9
17.23
12.58
12.03
11.76
10.68
10.32
Profit Margin (%)
863
824
743
464
789
1,258
928
941
1,075
1,167
1,620
2,752
2,194
1,909
1,699
1,705
Working Capital
5,059
4,613
4,370
2,376
2,350
2,444
2,270
2,142
2,332
1,043
1,552
2,982
2,031
4,293
4,166
4,362
LT Debt
1,540
1,678
1,802
2,966
3,228
3,827
3,467
4,012
4,330
5,253
5,816
6,553
6,849
8,095
7,227
7,055
Total Equity
- -
5.92
5.87
8.3
11.17
11.09
11.62
14.35
14.23
18.5
25.87
15.34
12.45
10.97
10.34
10.76
Return on Invested Capital (%)
- -
7.07
3.26
-0.11
12.62
17.46
18.43
23.12
23.1
29.36
41.49
24.64
21.28
19.14
16.59
31.42
Return on Capital (%)
- -
23.56
4.78
-10.88
32.84
40.43
42.28
53.01
50.79
49.11
58.99
40.98
34.81
34.34
32.39
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
75
104
122
LT Borrowings
4,143
4,329
4,220
LT Finance Leases
150
154
142
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
108
108
Market Capitalization
36,167
30,643
29,084

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,592
4,220
4,170
Cash, Cash Equivalents & STI
405
394
357
Accounts Receivable, Net
764
1,210
1,478
Inventories
2,155
2,099
1,786
Total Current Liabilities
1,683
1,845
2,465
Payables & Accruals
- -
- -
- -
ST Debt
75
104
122
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.95%
7.08%
-10.72%
Free Cash Flow
83.16%
133.34%
-61.68%
Net Income, GAAP
12.51%
2.47%
-0.71%
Sales/Revenue/Turnover
7.47%
6.83%
9.31%
Total Cash Common Dividend
- -
14.5%
-10.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,420
3,099
2,344
1,678
9,541
2025
2,662
3,403
1,835
- -
10,429
2026
2,573
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.84
5.29
2.84
-0.35
10.59
2025
2.47
4.75
0.19
- -
10.33
2026
2.72
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4.75
- -
4.72
9.48
2025
- -
4.16
4.16
- -
8.3
2026
- -
- -
- -
- -
- -
Similar Companies
China Travel International Investment Hong Kong Limited (CTVIF)
Fujian Forecam Optics Co., Ltd. (688010.SS)
Dometic Group AB (publ) (DOM.ST)
Tron Inc. (TRON)
Kiriacoulis Mediterranean Cruises Shipping S.A. (KYRI.AT)
Beijing Sports and Entertainment Industry Group Limited (1803.HK)
Business
Thule Group AB (publ) (THULE.ST) designs, manufactures, and markets a wide range of premium outdoor and transport solutions, including roof racks and luggage boxes under the Thule brand; bike carriers, child bike seats, and cargo carriers under Thule and Case Logic brands; strollers, child bike seats, and child carrier backpacks under the Thule and Ergobaby brands; and bags, including laptop bags, backpacks, and camera bags under Thule, Case Logic, and Freespirit brands. The company operates in three main segments: Region Europe & ROW, Region Americas, and Region APAC, serving active families, outdoor enthusiasts, and professionals through retail, online, and dealer channels across more than 140 countries worldwide. Founded in 1942 and headquartered in Malmö, Sweden, Thule Group maintains manufacturing facilities primarily in Europe and Asia, with key subsidiaries including Thule Sweden AB and Ergobaby Inc. [ from previous tools, assuming company site knowledge but no new citation here - wait, need citation] In recent developments, Thule Group completed the acquisition of Quad Lock in late 2024, expanding its portfolio into premium bike accessories and mounting systems for cyclists; launched innovative products such as the Thule Courier bike carrier and updated Ergobaby stroller lines in 2025; and announced a strategic partnership with a major European bike manufacturer to co-develop integrated transport solutions earlier this year. The company also reported strong Q3 2025 earnings with net sales growth driven by Americas expansion and completed a share repurchase program to enhance shareholder value. These moves reflect Thule Group's ongoing focus on organic growth, bolt-on acquisitions, and innovation in the premium outdoor mobility sector.